Join our Text Club!

There are a lot of CFCU Days coming this Spring!

Goal Savings Accounts

Save now. Thank yourself later.

Our new Goal Savings Accounts are here to help you reach your goals. Whether it be for a vacation you so richly deserve or to ensure you are able to spread holiday cheer, the Goal Savings Accounts are here to provide you the ability to do so.

How It Works

Many of our members turn to CFCU for help in saving towards specific events occurring each year through our new Goal Savings Accounts. You specify when you need the money, and we'll come up with a disciplined option to help you succeed.

Open a Goal Savings Account today over the phone or at any branch.

Deposit at any time into these accounts, and/or set up a payroll transfer for additional automation!

Non-transaction accounts include savings accounts, money market accounts, and certificate of deposit accounts and are limited to the number of withdrawals and transfers allowed. Transaction accounts such as checking accounts offer unlimited transactions in any form.

Federal Regulation D defines the number and types of withdrawals and transfers that can be transacted on a Non-transaction account during a calendar month to allow the account to retain its savings deposit status. Federal Regulation D is a Directive of the Government, not of your credit union.

The following types of transactions are limited to six per month from non-transaction accounts (noted above).

Transfers between CFCU accounts

· Pre-authorized Auto-transfers including overdraft protection.

· Home Banking Transfers (including a request through secure messaging)

· Phone transfers –automated phone line

· Phone transfers –speaking to a CFCU representative

· Faxed Transfers – submitting a faxed request

Transfers/Withdrawals to Third Parties

· Pre-authorized Automatic Clearing House (ACH) debits

· Home Banking Transfers (including a request through secure messaging)

· Phone transfers –automated phone line of CFCU or third party

· Phone transfers –speaking to a CFCU representative or a third party representative

· Faxed Transfers – submitting a faxed request to CFCU

The following types of transactions are unlimited from non-transaction accounts (noted above).

We'll need a signature to open your membership (your first/Primary Savings Account at CFCU), but any others after that you can do with a simple phone call, stopping in, or going into Online Banking! You can have up to 10 Savings Accounts here under one membership. A nice benefit for those who like to automatically save for certain events.

Statements for our deposit accounts come monthly for transactional accounts such as Checking, and quarterly for non-transactional accounts such as Savings. Savings account statements will, however, come monthly if an ACH is set up on the account.